The 2007 World Allround Speed Skating Championships were held in the indoor arena Thialf in Heerenveen, Netherlands on 9–11 February 2007.

The organising body, the Koninklijke Nederlandsche Schaatsenrijders Bond (KNSB), celebrated its 125-year anniversary with full stands on all three days.

Athletes from the host country, the Netherlands, won both the men's and the women's event; Sven Kramer set a world record on the men's 10,000 metres on his way to the European and World Allround double, while Ireen Wüst won by nearly two points after being narrowly beaten by Martina Sáblíková at the European Championships.

European Champion Kramer, who won the bronze medal in 2006, finished fifth, more than a second closer to the lead than in 2006, after setting a new personal best time of 36.41.

With 38.44, Wüst got her best 500 metre performance at a World Championships, while defending champion Klassen, who had then beaten all opponents by over a second at this distance, finished third.

In the allround standings, Wüst faced Friesinger in the final pair, with a significant advantage of more than half a point before the distance.

Wüst started quicker, and skated away from Friesinger on every lap, eventually finishing 3.8 seconds ahead to have more than a point in the overall classification.

Wüst became the youngest world allround women's champion since Karin Busch won in Inzell in 1982, after another win over Friesinger, her third in two days.